How are things going to look for the average Joe in the street in 2019 in America? Well, we can’t predict what is going to happen but herewith a few positive tidbits for money-savers.
Since close to 90% of Americans own cars (second highest number in the world) the fact that gas prices are going to decline this year is huge. This will be the first time gas has gone down for Americans since 2016. As GasBuddy Petroleum Analysis Head Patrick DeHaan said:
“2019 sets the stage for the first decline in the yearly national average since 2015, but before motorists drive for joy, it may be prudent to remind them that 2019 will still be the second most expensive year to fill up since then.”
The job market also continues to thrive. According to Moody Analytics’ Chief Economist Mark Zandi, unemployment figures are very low and are set to continue to drop in 2019. Indeed, the figures for December 2018 were just 3.7% unemployment (nationally), lowest they have been in nearly five decades. As well, there is a staggering amount of new job openings in almost all sectors. As such, it is anticipated that salaries will increase from around 3 to 3.5 percent by 2020. This gives employees the “upper hand” with their bosses.